Tutorial 1: Applicability of Payment of Bonus Act, 1965
Dec. 15, 2016
The Payment of Bonus Act(POBA) was enacted to impose statutory obligation on the employer to pay certain amount of bonus to those employees who falls within a specified category. If the employer will share certain amount of surplus with its employees, it will ensure peace and harmony between the employer and the employee. To know whether provisions of the Act are applicable to your entity, continue reading under details section.